*** AUCTION PROPERTY *** For sale by Modern Method of Auction, Starting Bid Price £115,000. plus Reservation Fee. AN INVESTMENT OPPORTUNITY to purchase a building on Marine Gardens in the CENTRE OF WHITLEY BAY. Just a few minutes walk from the Spanish City, the beach, and the shops. The building is currently used for commercial use with an office totalling 20m2 and a store room totalling nearly 24m2. Available by modern method of auction, to arrange a viewing call COOKE & CO on 0191 2510011.

AUCTION

This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance.

NON-REFUNDABLE RESERVATION FEE

Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable reservation fee of 3.5% subject to a minimum of £5,000 plus VAT which secures the transaction and takes the property off the market.

ACKNOWLEDGEMENT OF RESERVATION FORM

The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Legal Pack which can be downloaded for free from The Great North Property Auction at: www.gnpa.co.uk.Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to the Modern Method of Auction, which is operated by The Great North Property Auction by iam-sold Ltd.

TO VIEW OR MAKE A BID

Contact Cooke & Co Estate Agents or visit:www.gnpa.co.uk

FORECOURT18'1 x 14'11 (5.51m x 4.55m)OFFICE17'0 x 12'9 (5.18m x 3.89m)STORE ROOM18'0 x 11'0 (5.49m x 3.35m)EXTERNALREAR YARD18'8 x 44'11 (5.69m x 13.69m)

The contents of the property as portrayed by attached photographs are not specifically included as part of any sale. As the sellers agent we are not surveyors or conveyancing experts and as such we cannot and do not comment on the condition of the property, or issues relating to title or other legal issues that may affect this property, unless we have been made aware of such matters. Interested parties should employ their own professionals to make such enquiries before making any transactional decisions.

Disclaimer Property reference VE_29172063. Details are provided and maintained by Cooke & Co. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.